logo
logo

Restructuring Benevolent Ai Welcomes New Execs

Sep 18, 2023•almost 2 years ago

Position

Chief Revenue Officer

Company

Benevolent Ai

Christina Busmalis
London

Description

Catherine Isted joins as CFO and Christina Busmalis as chief revenue officer after company revealed plans to lay off 180 staff BenevolentAI has appointed a new CFO and chief revenue officer in the wake of a decision to lay off 180 staff. In May CFO Nicholas Keher resigned to pursue other business interests while the London-based biopharma technology firm announced a strategic reorganisation aimed at making cost savings of £45 million. Now the flagship UK AI company, listed on the Euronext market in Amsterdam since April 2022, has appointed Catherine Isted as CFO and Christina Busmalis as CRO. Jackie Hunter recently retired as a non-executive director. Hunter had served on the board since March 2016.

Company Information

Company

Benevolent Ai

Location

London, England, United Kingdom

About

BenevolentAI (AMS: BAI) is a leading, clinical-stage AI-enabled drug discovery and development company listed on the Euronext Amsterdam stock exchange. Through the combined capabilities of its AI platform, scientific expertise, and wet-lab facilities, BenevolentAI is well-positioned to deliver novel drug candidates with a higher probability of clinical success than those developed using traditional methods. The Benevolent Platform™ powers a growing in-house pipeline of 13 named drug programmes and over 10 exploratory programmes, and it maintains successful collaborations with AstraZeneca, as well as leading research and charitable institutions. BenevolentAI is headquartered in London, with a research facility in Cambridge (UK) and a further office in New York. *Reach out to us* Email: hello@benevolent.ai Careers: Careers@benevolent.ai Twitter: @benevolent_ai Website: benevolent.com

Related People

Sign in to view contact details

Sign in to view contact details

Executive Insights

Based on hiring data
New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months